At Real Estate Alliance our philosophy of professionalism and innovative marketing continues to set the standard in a highly competitive property industry. Importantly, all our members hold an IAVI or Society of Chartered Surveyors qualification. All estate agent offices are locally owned, guaranteeing you local expertise which you can trust nationally.

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Tuesday, 9 December 2008

Yields from residential properties are up on average 18%

Yields from residential rental properties are up on average over 18% on last year. While average rental rates are down between 5% , there has been no decrease in certain areas such as Athlone, Killarney and Tralee and yields have improved nationwide. Average yields for 2008 are at 4.25% up by 15% on last year. In 2007 the group reported average returns at 3.7%, compared with returns of between 2.8% - 3.2% at the end of 2006. Yields this year are as high as 5.4% in areas such as Balbriggan and are at the 5% mark in Ashbourne and Nenagh, according to figures released by Real Estate Alliance. Yields are between 4% and 4.5% in Drogheda, Newbridge, Lucan, Maynooth, Longford, Tipperary, Trim, Cork (Charleville), Callan, Blessington and Tralee. Cavan and Navan are reporting yields of 4.8%.